Question

In: Economics

Describe events leading to the enactment of the Affordable Care Act

Describe events leading to the enactment of the Affordable Care Act

Solutions

Expert Solution

  • Affordable Care Act was enacted in March 2010 known as ACA or obama Care..
  • The term Obama Care was first used by opponents then by supporters and eventually by president Obama himself.
  • ACA'S major provisions came in to force in 2014.
  • By 2016, Population had roughly halved with estimates ranging from 20-24 million people.
  • Provisions reduced the budget deficit that revoke the ACA would increase the deficit.
  • The law also Enacted a host of delivery system to constraints health care costs and improve quality.
  • Health care spending slowed including premiums for Employer based insurance plans.
  • The Act also faced challenges and opposition.
  • Spent several years opposed by a slim plurality of Americans.
  • Gained majority support by 2017.
  • The structure of Medicare,medicaid and the Employer market were largely retained.
  • Most of the coverage gains were made through Expansion of medicaidand the
  • Biggest cost savings were made in medicare
  • Not all provisions took full effect,some were deferred and others were Revoked before Implementation.

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